Manulife Financial (one of my business partners) released a
series of illustrations on a survey (Canada's 2009 Canadian Financial Capability Survey) result yesterday: Making Cents: A Study of the Financial Literacy of Canadians, which shown that many Canadians have real challenges with financial literacy. From budgeting for today to planning for tomorrow.
I would like to say something on these findings.
The first thing I am not very happy with (worry rather), is that 48% of home buyers (maybe even current homeowners) saved less than 5% of the cost of their home.
